Arbitration Rising: Four Recent Judgments Of The Cayman Courts

The Cayman Islands courts have recently delivered four judgments concerning the law and practice of international arbitration, which is a growing feature of the offshore legal landscape.

First, in Minsheng Vocational Education Company v Leed Education Holding Limited & Others¹, the Cayman Islands Court of Appeal (“CICA”) upheld the first instance decision by Segal J to grant an injunction pursuant to section 54 of the Arbitration Act 2012 (the “Act”) in support of foreign arbitral proceedings.

The factual background involved disputes over complex corporate lending and security interests, including a contested put option for the sale and purchase of shares in Leed International Education Group Inc. (a Cayman Islands company) and related share charges in favour of the Appellant.